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ISC West: German Quality Drives Growth in Security Segment

According to the German Ministry of Economics and Technology, revenue in this cross-cutting high-tech industry should surpass EUR 31 billion by 2015. This is a sharp increase over 2008 revenues of EUR 20 billion. 2009 figures are expected shortly.

Several industry segments promise particularly high growth potential. These areas include IT security, theft and personal protection, civil security equipment, and identification, authentication and biometrics technology.

Across the security technology industry, high-quality, reliable products and services are critical. Products bearing the "Made inGermany" label are synonymous with these high quality attributes. German companies are expecting revenues of up to EUR 21 billion by 2015. At the same time, companies based abroad can also tap into these opportunities, as one-third of sales in Germany are generated by companies based outside the country. With the largest security technology market inEurope,Germany is an attractive home for security companies. A large customer base, generous research and development funding, and well developed high-tech industries makeGermany a prime business location.

One security technology cluster can be found in the German capital region ofBerlin-Brandenburg. More than 40 public and private research facilities are active in security research. The region is also home to a central unit for security industries at the ZAB Brandenburg Economic Development Board in order to meet the growing demand in the coming years.

Germany Trade & Invest will have representatives at booth #40014 to showcase the business opportunities available inEurope's largest security technology market. Representatives of ZAB Brandenburg Economic Development Board will also present the latest developments in the capital region.

Germany Trade & Invest is the foreign trade and inward investment promotion agency of the Federal Republic ofGermany. The organization advises foreign companies looking to expand their business activities to the German market. It provides information on foreign trade to German companies that seek to enter foreign markets.

    Eva Henkel
    Email: eva.henkel@gtai.com
    T: +49(0)200099-173
    F: +49(0)200099-111

    http://www.gtai.com

SOURCE Germany Trade and Invest